The BlockFi Rewards Credit Card has already been a big hit in the crypto community, with annualized credit card spend on pace to hit $2 billion
. But we’re not resting on our laurels. Instead, we’re continuously looking for ways to improve the client experience. That’s why we’re excited to announce our new Rewards Flex feature, which lets cardholders choose the cryptoassets they want to receive as rewards for their credit card spending.
So far, the BlockFi Rewards Credit Card has enabled cardholders to earn up to 3.5%* back in Bitcoin (BTC) every month. But what if Bitcoin isn’t enough? We’re all about options here at BlockFi, so with Rewards Flex, you can now select from any of the cryptoassets supported on our platform and receive your reward in that asset type. That means you can keep earning BTC rewards, or opt for Ether (ETH), Litecoin (LTC), Chainlink (LINK), PAX Gold (PAXG), Basic Attention Token (BAT), or Uniswap (UNI) at the same rewards rate.
And that’s not all. You can also opt instead for stablecoin rewards and earn up to 3.5%* back in Gemini Dollar (GUSD), USD Coin (USDC), Paxos Standard (PAX), Multi-Collateral Dai (DAI), or Binance USD (BUSD).
The Rewards Flex feature is an easy and convenient way to diversify your cryptoasset portfolio, and gives you the freedom and flexibility to adapt to market conditions. Best of all, you can change the cryptoasset reward you want to receive as many times as you want.
If you’re ready to start using Rewards Flex, here’s what you need to do:
Sign in to blockfi.com
Click on ‘Credit Card’ > ‘Rewards’
In the ‘Manage Rewards’ section, click the dropdown menu under ‘Rewards Currency’
Select the cryptoasset you want to earn rewards in
Start earning up to 3.5% in your preferred cryptoasset*
Please note that you can only be rewarded in one cryptoasset per month—not multiple—and you’ll earn rewards in the cryptoasset that you have selected on the last day of the prior month.
Since launching the card in August 2021, the BlockFi Rewards Credit Card community has grown to over 50,000 cardholders who have amassed over 170 Bitcoin (equivalent to $10.3m as of price on November 17th, 2021) since the last #BlockFiDay, which is the monthly credit card rewards redemption date.
Learn more about the BlockFi Rewards Credit Card here
It’s not too late to apply and start earning up to 3.5% back in the cryptoasset of your choice. Just create a BlockFi account and apply now
*3.5% is an introductory offer that spans the first 90 days of card ownership, beginning on the date of card activation. The introductory offer is capped at $100 dollars in Bitcoin.
Nothing contained in this announcement should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this announcement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This announcement is not directed to any person in any jurisdiction where the publication or availability of the announcement is prohibited, by reason of that person's citizenship, residence or otherwise.
Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. Geographic restrictions and other terms and conditions apply.
Learn more at BlockFi.com.
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